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VIP Industries gets nod to raise Rs 100 crore via NCDs

10 Jul 2020 Evaluate

VIP Industries has received approval to issue of principal protected, secured, rated, listed, redeemable, non-convertible, market-linked debentures (NCD's) on private placement basis in one or more tranches/ series/ types aggregating upto Rs 100 crore.

The Board of Directors at its meeting held on July 9, 2020 has approved and issued the same.

VIP Industries is engaged in the manufacturing of hard luggages and soft luggages. The company operates through two segments - Luggage, Bags & Accessories, and Furniture.

Peers
Company Name CMP
Avenue Supermarts 3379.95
Trent 2986.00
Vishal Mega Mart 97.00
PN Gadgil Jewellers 597.65
Aditya Birla Life 73.22
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